The challenge with demand flexibility, specially in India, is that once there’s a precedent for suppliers to influence demands there are bound to be malpractices, and consumer exploitation that emerges. It’s rational behaviour.
Our law and order systems need to be far more transparent and hold people fairly accountable for these market leverage to emerge effectively.
Thanks for these daily updates.
The challenge with demand flexibility, specially in India, is that once there’s a precedent for suppliers to influence demands there are bound to be malpractices, and consumer exploitation that emerges. It’s rational behaviour.
Our law and order systems need to be far more transparent and hold people fairly accountable for these market leverage to emerge effectively.
That's interesting. Do you have any instances that happened in countries abroad?
Libor as an example in financial markets stands out.